USD/CNH Forecast: Trading Range Set Between 7.2200 and 7.2430
Experts predict that the US Dollar (USD) will trade within a range of 7.2200 to 7.2430 against the Chinese Yuan (CNH). UOB Group’s analysts note that the current price movements appear part of a larger consolidation phase, expected to remain between 7.2100 and 7.2800 over the longer term. For traders, understanding these patterns is crucial in navigating the forex landscape. Close monitoring of economic data and geopolitical developments is essential to anticipate potential disruptions.